News Briefing - Crowdfunding, SME And Alternative Finance

three women and a man discuss reports

1. UK - Equity

Equity platform VentureFounders is building up its operation in the Channel Islands. Crowdfund Insider reports the appointment of Michael Gray, fromerly a Regional Managing Director for RBS International and the Chairman of RBS’ Funds Division.

James Codling, Co-Founder and MD of VentureFounders, told Crowdfund Insider they were delighted to have someone of Gray’s calibre. His appointment is expected to open up VentureFounders’ curated offerings to a much wider audience of High Net Worth (HNW) individuals and sophisticated investors.

“It is a pleasure to be dealing with such consummate professionals as James and his team.  VentureFounders' track record is impressive and I look forward to working with them, as they develop the brand,” commented Gray.

Crowdfund Insider has the full story.

2. UK - P2P Lending

An international consultancy firm's Global Head of Fintech says the Funding Circle share price reflects the platform's brand and growth opportunity. 

Anton Ruddenklau, of consultancy KPMG said that Funding Circle’s alternative lending model, its brand, the scale of its customer liquidity and the opportunity to extend its model further afield all support a strong valuation.

“Funding Circle is one of those organisations that has shown us a good and robust business model, and it has been able to acquire customers with confidence,” he told Peer2Peer Finance News.

Peer2Peer Finance News has more details.

.

3. UK - P2P Lending

Britain's peer-to-peer lenders are still finding it hard to get their message across to SME owners who would make good customers.

One third of business owners are unaware of alternative finance options, according to an article in SME Magazine.

4. UK - IFISA

A new Innovative Finance ISA (IFISA) is set to launch that will allow tax-free investments in professional sports clubs, after it received IFISA manager authorisation from HMRC.

Peer-to-peer platform Tifosy raises capital for clubs through the issue of equity or debt in the form of mini-bonds. The name comes from the Italian word for a group of supporters, and is famous for having the backing of former Chelsea and Juventus footballer Gianni Vialli.

For detailed coverage of this story, visit Peer2Peer Finance News

5. International - P2P Lending

 

The Paris-based SME lending platform recently raised €32 million from Partech, Allianz and the Decaux family. Now, Entreprendre magazine interviewer founder and CEO Olivier Goy about his plans to make Lendix Europe's premier alternative lender, and "the Erasmus of financing."

Among other details we learned that Goy's mother encouraged him to be an accountant - which he duly became -but alas, he dissapointed her, because she wanted him to have job security, and now that he's an entrepreneur, his job offers him no security at all.  

Read the original coverage in Entreprendre.

6. International - Fintech

Alternative finance in Vietnam received a boost yesterday as the platform TIMA - http://tima.vn - announced it had raised US$3 million in Series B funding from a Cambodian private equity fund,

TIMA started out as a technology provider in 2015, and entered online mortgage lending and financial services a year later. The company developed in-house artificial intelligence technology to build its credit scoring system, which allows lenders to filter out attractive borrowers, and now Tima now has more than 20,000 lenders and over two million borrowers on their platforms.

Read the whole story in VietNam News.

The story is also covered in the Khmer Times.

7. International - P2P Lending

A new research report estimates that.the P2P market will to achieve a compound annual growth rate of 48.2 per cent over the next eight years. 

Advances in financial technology,combined with  low costs of operations will be the main drivers of supply, according to Transparency Market Research (TMR.)  Growth in demand will be driven by small businesses and a worldwide growth in student population.

“The continuous process of securing loans has made way for the global P2P lending market since it has taken care of the pain of looking for various ways of borrowing money,” says the TMR report.

Peer2Peer Finance News has the details of this story.